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Semiconductor magnetic sensors are on track to attain 7 percent revenue growth this year, due to widespread adoption in the automotive sector, according to a new report from IHS. Global market revenue for magnetic sensors will reach $1.73 billion at year-end, up from $1.62 billion in 2012. Next year will see revenue expand again by approximately 7 percent to reach $1.85 billion, with growth continuing during the following three years ranging from 4 to 8 percent. By 2017, industry takings will amount to some $2.20 billion. Magnetic sensors are used to track rotational speed and linear angles in machines and devices, or to detect and process magnetic fields to establish positioning.

Audio Pixels, a fabless semiconductor company focused on the development and production of MEMS based digital speaker chips, and ICsense, a European ASIC design company, announced this week that they have entered into a comprehensive agreement directed to support the production needs of Audio Pixels' patented low cost MEMS based digital speakers.

Market research suggests that manufacturers and consumers are looking for innovation in audio speakers -- in particular, for good quality sound in a form factor that is more compliant with current device and lifestyle trends. While the industry at large has been able to digitize and shrink most of the other device components and electronics, one of the last remaining barriers is the speaker; it remains large, heavy, bulky and restrictive.